Most Recent
Clive Palmer can’t quash CITIC subpoenas over sale of nickel refinery in $1.8B case
Allens 2023-06-07 11:56 pm By Gareth Baker Sydney
Mining magnate Clive Palmer and his company Mineralogy have lost a bid to block subpoenas asking their advisors to hand over information regarding the sale of Townville’s Yabulu nickel and cobalt refinery, as part of a $1.8 billion fight over the value of the site.   
Downer wins pre-litigation docs in $25M spat with Alinta over Pilbara gas project
Ashurst 2023-01-16 3:13 pm By Cindy Cameronne Sydney
Mining company Downer EDI has won its bid to review documents between Alinta Energy and a superintendent who allegedly acted improperly in a spat over a $208 million solar gas hybrid project in the Pilbara region. 
Austal hit with $700,000 penalty over $3.5B US Navy program disclosures
ASIC 2022-10-14 11:21 pm By Cat Fredenburgh
Defence shipbuilder Austal and its CEO have agreed to pay a combined $700,000 in penalties for violating the Corporations Act by failing to notify the market of a US$90 million writeback related to the company's $3.5 billion US Navy warship program.
Judge won’t bar Mineralogy from relitigating dropped claims against CITIC
Allens 2022-09-15 10:38 pm By Cindy Cameronne Sydney
Mineralogy has secured unconditional court approval to drop one of the "battle fronts" in its war with CITIC units Sino Iron and Korean Steel, with a judge refusing to impose a "price" on the discontinuance in the form of an undertaking not to revive the claims.
Palmer salvages defence in spat with CITIC over $5.8B Sino Iron project
Clara Wren 2022-03-09 1:33 pm By Miklos Bolza Sydney
An appeal by billionaire Clive Palmer and his mining company Mineralogy has succeeded in reinstating parts of their defence attacking the state of mind of Hong Kong-based conglomerate CITIC in allegedly applying commercial pressure over the $5.8 billion Sino Iron project in Western Australia.
ASIC hits Griffin Coal with criminal charges over financial reports
ASIC 2021-11-12 8:53 pm By Cindy Cameronne Sydney
The Australian Securities and Investments Commission has hit beleaguered mining firm Griffin Coal with criminal charges over its alleged failure to lodge annual financial reports for 2019 and 2020.
Griffin Coal told to pay Carna Group liquidators $5M for contract breach
Bennett + Co 2021-10-12 6:47 pm By Cindy Cameronne Sydney
Struggling mining firm Griffin Coal has been ordered to pay $5.1 million to liquidators of a collapsed mining services company after a judge found it had breached a contractual term not to trade while insolvent.
In ‘warfare’ with Sino Iron, judge tosses Clive Palmer’s fight over $530M in mine remediation costs
Allens 2021-03-01 4:38 pm By Spencer Fowler Steen Melbourne
Clive Palmer's Mineralogy has lost its bid to make Sino Iron and Korean Steel cough up over $529 million for mine site remediation in Western Australia, after the mining company argued the terms of their contracts required an immediate lump sum payment.
Judge finds Spain not immune from enforcement of $375M arbitration awards
Appeals 2021-02-02 5:10 pm By Miklos Bolza Sydney
The Full Federal Court has granted a limited appeal in the Kingdom of Spain's challenge to a judgment enforcing a $375 million arbitration award over two renewable energy investments, ordering a redrafting of the primary judge's orders but rejecting claims that Spain was immune as a foreign state from enforcement of the award.
ASIC wins winding up orders against accused Ponzi schemer Chris Marco
ASIC 2020-12-07 9:26 pm By Christine Caulfield Melbourne
A judge has ordered the winding up of a managed investment scheme operated by Perth businessman Chris Marco and his company AMS Holdings after investors allegedly lost more than $200 million.